With all the current uncertainty in the world there is increased confusion on what is the best mortgage product, fixed or variable. With the war with Iran still simmering it is causing oil to remain above $80 per barrel and the price of gas to hover around $1.70 per liter. The U.S. appears to be […]
What’s happening with interest rates?
Since the fall of 2023 we have been fortunate to witness a slow and steady decline of the post Covid highs. This downward trajectory came to a sudden halt with the start of the war with Iran. We have seen upward pressure on Bond rates, which has directly resulted in several increases in both 3 […]
Bank of Canada March Meeting
The Bank of Canada held their latest rate meeting March 18th and as widely expected decided to hold the overnight rate steady at 2.25%. Although there was virtually no chance of a rate hike, many people holding variable mortgages and lines of credit were rooting for a cut. Some factors that would likely have been […]
6 Things to Know About The Federal Budget and How it Might Affect You
The federal government recently released its long-awaited Budget for 2025. We went through to see how it could affect both homeowners and potential homeowners alike. The following is a list of programs geared to homeowners, either existing or new, and how they could affect you. Federal Loans for Secondary Housing Units The loan program to […]
What is Bridge Financing?
If you currently own a home and are considering selling and moving to a new home, then you should pay attention. In a perfect world you would pay “cash” for everything. Buy a house, pay cash. Buy another house, sell the first house then use the “cash” to buy a new house. Well, as you […]
What Effect Will the New Federal Government Have on Mortgages and the Housing Market?
As I’m sure that you are aware the Liberals were voted in once again. With a less than stellar track record over the past decade one can only hope that a change in leader will lead to some actual change in policy that will help homeowners and prospective homeowners out, from an affordability stance. At […]
Bank of Canada Holds Off on April Rate Cut
The Bank of Canada paused its streak of rate cuts in April, following seven consecutive rate cuts over the past year, holding the overnight rate at 2.75% It seems a lot of people have been overly optimistic that a further rate cut was in the cards for this April however, with market uncertainty here along […]
Rates are down, should I lock in my variable rate mortgage?
Here is a question I’ve been hearing a lot recently: “Is now the time to lock in my variable rate mortgage?” Well, there are a lot of variables to be considered when trying to answer this question and at the end of the day there is no one size fits all answer, however I will […]
Bank of Canada Cuts Again – How will this affect you and your mortgage?
On March 12th, the Bank of Canada lowered the overnight rate again, cutting its policy rate by another .25%, to 2.75%. If you have a variable-rate mortgage or a secured or unsecured line of credit, you should see a decrease in your effective interest rate shortly. How does this affect you? The majority of lenders […]
Another Look at Fixed, Variable and Adjustable Rate Mortgages
More than ever homeowners are researching mortgage options more actively and reach out to me for additional information and advice on a daily basis. With interest rates outside of client’s comfort levels combined with non-stop talk from friends, family, colleagues, on top of social media and the “news”, it is no wonder many are finding themselves […]